Netflix Could Have Secret Weapon To Manage The Hollywood Strikes: Cooking Shows And A New Restaurant?
Portfolio Pulse from Chris Katje
Netflix Inc (NASDAQ:NFLX) is reportedly planning to mitigate the impact of the ongoing Hollywood strikes by focusing more on reality competitions and cooking shows. The company has also opened a restaurant called 'Netflix Bites' in California, near its Hollywood headquarters, to highlight its growing lineup of cooking-related shows. The Hollywood strikes have halted work on many major television shows and future movie releases, potentially impacting Netflix's content lineup and financials.
August 22, 2023 | 10:16 pm
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Netflix's content lineup and financials could be impacted by the ongoing Hollywood strikes. However, the company's focus on reality shows and cooking content, as well as the opening of the 'Netflix Bites' restaurant, could help mitigate this impact.
The ongoing Hollywood strikes have halted work on many major television shows and future movie releases, which could impact Netflix's content lineup and financials. However, the company's reported focus on reality competitions and cooking shows, as well as the opening of the 'Netflix Bites' restaurant, could help mitigate this impact. The restaurant, in particular, could serve as a promotional tool for the company's cooking-related shows.
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